{+++} The year started off on a broken leg and most of the market sectors were red. Actually, the only green sectors were gold, silver, biotech and the metal & mining group. Quite an eclectic group I might add. Odd that biotech edged green on a risk off day.
The financials were weak with the exception of BAC which caught a bullish upgrade from Citigroup.
Some momentum names acted well in a red tape today and those names included: TWTR, VIPS, SPLK and YY.
Some of last years big winners like LNKD really appear to be in breakdown mode.
Here were some dollar winners today.
Here were some dollar losers today.
You could make the case that today was the start of a mini correction or not, lets watch the charts and the volume.
I started the January P&L tonight and I moved over any active names form December.
See you all in the trading room in the morning.
Joe